River Stablecoin

Holders create satUSD by locking crypto and borrowing against it, not by wiring dollars to a company. River, the protocol formerly known as Satoshi Protocol, runs an over-collateralized vault system where Bitcoin, ether, BNB and liquid-staking tokens back the stablecoin, with borrowing capped near ninety percent of collateral value. Its distinguishing trick is chain abstraction: built on LayerZero's cross-chain token standard, it lets a user deposit collateral on one network and mint satUSD natively on another, without a wrapped bridge asset in between. Redemption is permissionless and mechanical: close the position, return the debt, and unlock the collateral, with no KYC and no issuer approval. That reach shows in its footprint, spanning Ethereum, Base, BSC, Arbitrum, Sonic and a cluster of Bitcoin-focused layers. The peg holds only as long as the collateral stays above water, the standing bargain of every crypto-backed dollar.